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MDR - Whipsawed by dueling disclosures McDermott -13% after opening +20%
McDermott International Inc.
After a strong open, McDermott (MDR-13%) has plunged deeply into the red as initial excitement over the company's new $650M lifeline is outweighed by investor worries about uncertainty over its free cash flow, 2019 outlook and the high interest rates for its debt.
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